US ser­vices sec­tor ac­tiv­ity cools in Au­gust

The US ser­vices sec­tor reg­is­tered the low­est ex­pan­sion pace in more than six years in Au­gust, an in­dus­try sur­vey showed. The non-man­u­fac­tur­ing in­dex, which mea­sures ac­tiv­ity in the ser­vices sec­tor in United States, reg­is­tered 51.4 in Au­gust, down 4.1 points from July’ s read­ing, the In­sti­tute for Sup­plyMan­age­ment said in its monthly sur­vey. The NMI sur­vey cov­ers all sec­tors out­side of man­u­fac­tur­ing. A read­ing above 50 per­cent in­di­cates ex­pan­sion of the ser­vices sec­tor.